I dare someone to ask Warren Buffett about how his company has performed as compared to Gold and Silver. Rumor has it he will refuse to answer and the questioner will be thrown out on his head and never let back behind the curtain. (Is it me or does Mr. Buffett look a lot like the Wizard of Oz?)
Well I am hear to pull the curtain back just like Toto did. Let’s start with some comparisons of Gold and Silver versus Berkshire Hathaway.
Berkshire – -2.2%
Year to Date Return – 2011
Berkshire – -8.9% (yes, he has underperformed the overall market which is flat for the year)
Gold – +30.6%
Silver – +34.8%
5 Year Return
Berkshire – +13% (given the drop in value of the dollar and inflation, you actually lost money if you invested with Mr. Buffett)
Gold – +192%
Silver – +224%
That is what I call total domination. Anyone who listens to Mr. Buffett or has the unfortunate position of actually investing their money with him, you have now been shown the truth. The Sage of Omaha is no sage at all.